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Why Microsoft got a $29 billion tax bill from the IRS

Summary by Ground News
Microsoft says it owes $28.9 billion in back taxes, plus penalties and interest. The case is epic not only in dollars but in scope. The IRS saw the case as a chance to prove the agency's effectiveness. The audit focused on a deal the agency would later describe as "illusory"

2 Articles

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Center
1
Right
FortuneFortune
Center

Why Microsoft got a $29 billion tax bill from the IRS

In the largest tax audit in U.S. history, the IRS rejected Microsoft’s efforts to assign profits to a small factory in Puerto Rico.

·New York, United States
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ProPublicaProPublica
Lean Left

How a Maneuver in Puerto Rico Led to a $29 Billion Tax Bill for Microsoft

In the largest audit in U.S. history, the IRS rejected Microsoft’s attempts to channel profits to a small factory in Puerto Rico that burned Windows software onto CDs.

·New York, United States
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Bias Distribution

  • 50% of the sources lean Left, 50% of the sources are Center
50% Center
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ProPublica broke the news in New York, United States on Friday, October 13, 2023.
Sources are mostly out of (0)
Stories disproportionately reported by the Left or the Right

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